Shares of Marijuana Company of America (OTC: MCOA) are up 4.81% after the company this morning said that its joint venture partner, Bougainville Ventures, Inc., has initiated construction on a 30,000 square foot cultivation facility in Washington state. The construction on the site that is intended to comprise of a total of six greenhouses is expected to be completed in February 2018. The delivery of the first pre-designed greenhouses stocked with full tracking and reporting protocols is expected to be completed this week. Additionally, MCOA has an option to purchase further adjoining acreage to expand in the area. “The attainable goal for the joint venture is to deliver the finished project early in Q1 2018 so that our tenant can begin producing revenues shortly thereafter,” Marijuana Company of America CEO Donald Steinberg stated in the news release.
To view the full press release, visit http://cnw.fm/a24YN
About Marijuana Company of America, Inc.
MCOA is a corporation which participates in: (1) product research and development of legal hemp-based consumer products under the brand name “hempSMART™”, that targets general health and well-being; (2) an affiliate marketing program to promote and sell its legal hemp-based consumer products containing CBD; (3) leasing of real property to separate business entities engaged in the growth and sale of cannabis in those states and jurisdictions where cannabis has been legalized and properly regulated for medicinal and recreations use; and, (4) the expansion of its business into ancillary areas of the legalized cannabis and hemp industry, as the legalized markets and opportunities in this segment mature and develop. For more information, visit the company’s website at www.MarijuanaCompanyofAmerica.com.
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